College Basketball's Most Valuable Teams

[Bluedog]

According to Forbes (http://www.forbes.com/sites/chrissmith/2013/03/18/louisville-cardinals-lead-the-list-of-college-basketballs-most-valuable-teams/), here are the most valuable college basketball team based on the previous year's financial figures:

1. Lousville - $38.5M value, $24.6M profit
2. Kansas - $32.9M, $19.9M
3. UNC - $32.8M, $19.9M
4. UK - $32.1M, $19.9M
5. Ohio State - $23.1M, $13.6M
6. IU - $21.8M, $14.4M
7. Wisconsin - $19.8M, $11.5M
8. Arizona - $19.5M, $12.4M
9. Syracuse - $19.2M, $11.7M
10. Michigan State - $17.3M, $9.4M
11. Duke - $17.1M, $9.8M

Duke's drop in value from last year is partly due to changes in the athletic department's accounting practices, but another big part is that no team in college basketball spends more than the Blue Devils. In fact, only five teams generated more than Duke's $25.7 million in basketball revenue last year, but 11 teams had a bigger profit.
12. Texas - $16.8M, $9.9M
13. Minnesota - $16.3M, $11.1M
14. Tennessee - $15.5M, $8.8M
15. UCLA - $15.2M, $8.7M
16. Maryland - $15.1M, $9.7M
17. Illinois - $14.1M, $9.3M
18. Xavier - $13.7M, $7.3M
19. Kansas St - $13.6M, $8.1M
20. NC St - $13.1M, $8.7M

Current conference affiliation of top 20: B1G (6), ACC (4), Big 12 (3), Big East (2), Pac 12 (2), SEC (2), A10 (1)
Future conference affiliation of top 20: B1G (7), ACC (5), Big 12 (3), Pac 12 (2), SEC (2), Big East (1)

Syracuse, Duke, and Xavier are the only private schools on the list.

Here's what some of Duke's expenses go towards if you haven't seen the closet at the end of this video, sick! (Just kidding, I'm sure Nike gives Duke its shoes for free.)
http://www.youtube.com/watch?v=r3PxTfAnZZU

What recruit wouldn't want to go to Duke? :)

[BD80]

I would bet that the Duke basketball budget absorbs some general athletic expenditures so that there are not dramatic losses elsewhere (football?)

[loran16]

According to Forbes (http://www.forbes.com/sites/chrissmith/2013/03/18/louisville-cardinals-lead-the-list-of-college-basketballs-most-valuable-teams/), here are the most valuable college basketball team based on the previous year's financial figures:

1. Lousville - $38.5M value, $24.6M profit
2. Kansas - $32.9M, $19.9M
3. UNC - $32.8M, $19.9M
4. UK - $32.1M, $19.9M
5. Ohio State - $23.1M, $13.6M
6. IU - $21.8M, $14.4M
7. Wisconsin - $19.8M, $11.5M
8. Arizona - $19.5M, $12.4M
9. Syracuse - $19.2M, $11.7M
10. Michigan State - $17.3M, $9.4M
11. Duke - $17.1M, $9.8M

12. Texas - $16.8M, $9.9M
13. Minnesota - $16.3M, $11.1M
14. Tennessee - $15.5M, $8.8M
15. UCLA - $15.2M, $8.7M
16. Maryland - $15.1M, $9.7M
17. Illinois - $14.1M, $9.3M
18. Xavier - $13.7M, $7.3M
19. Kansas St - $13.6M, $8.1M
20. NC St - $13.1M, $8.7M

Current conference affiliation of top 20: B1G (6), ACC (4), Big 12 (3), Big East (2), Pac 12 (2), SEC (2), A10 (1)
Future conference affiliation of top 20: B1G (7), ACC (5), Big 12 (3), Pac 12 (2), SEC (2), Big East (1)

Syracuse, Duke, and Xavier are the only private schools on the list.

Here's what some of Duke's expenses go towards if you haven't seen the closet at the end of this video, sick! (Just kidding, I'm sure Nike gives Duke its shoes for free.)
http://www.youtube.com/watch?v=r3PxTfAnZZU

What recruit wouldn't want to go to Duke? :)

I still call BS on the Louisville finding - the Yum center no doubt helps a lot, but it's 20 games a year that they claim are bringing in basically as much as a pro arena. I call BS - (especially because Louisville is really a regional, not national school). KU and UNC make a lot more sense.

[Bluedog]

I still call BS on the Louisville finding - the Yum center no doubt helps a lot, but it's 20 games a year that they claim are bringing in basically as much as a pro arena. I call BS - (especially because Louisville is really a regional, not national school). KU and UNC make a lot more sense.

Well, the Yum center is one of the few college arenas that actually serves alcohol, so that can add up in a hurry. ;)

[Mudge]

I would bet that the Duke basketball budget absorbs some general athletic expenditures so that there are not dramatic losses elsewhere (football?)

You would most likely lose this bet. I asked one of the highest ranking members of Duke's Board of Directors about this privately, just this week... and was told categorically that "we (Duke) make far more on football than basketball". This source also said that the university subsidizes the athletic department to the tune of ~$15 million/year-- and stated that the goal is to get the athletic program to the point where it does not have to be subsidized by the general university's budget (which, in effect, means getting football to the point where it can cover the costs of all of the money-losing sports that Duke offers-- as it does, say, at Ohio State.) In basketball, Duke is among the tallest midgets... in football, Duke may be among the shortest giants... but, when you put all of them into the same lineup, the shortest giant dwarfs the tallest midget.

I would bet that the reason Duke spends so much on basketball is primarily three reasons:

1) Coach K probably earns one of the highest salaries in all of college basketball (as one would expect, given his success).

2) Duke probably pays its mens' basketball assistant coaches far more than they would earn at any other university-- at Coach K's behest, I'd imagine... there is a reason why the fledglings (Collins, Wojo, etc.) do not leave the nest for such long periods (years after they have been speculated to be imminently leaving for a head coaching position, by Dimwit Dickie V)-- they see two things:
A) It's hard out here for a pimp (coach)-- most of Coach K's assistants have not done very well, and have ended up getting fired-- and even ended up back in Durham, doing the assistant gig again (cf.- Jeff Capel);
B) If you are making a very comfortable living (I'm betting well more than most other college assistants-- quite probably over $200,000/year, with numerous very valuable perks), doing something you enjoy, with a very high probability of continued success, and a very clearly defined role, where you know exactly what is expected of you and you know exactly how to do that job, why would you risk the uncertainty of trying to make it as a head coach (and possibly ending up in the same spot as David Henderson, Pete Gaudet, Chuck Swenson, Jeff Capel, Quinn Snyder, Tim O'Toole, Tommy Amaker, and probably soon Johnny Dawkins)... better to take the safe, sure, bird-in-the-hand, than risk losing it all, reaching for the brass ring as a head coach... which is why I don't think Collins will take the Northwestern job.

3) Duke travels probably more than most teams, often to expensive locations (Alaska, Hawaii), with a large entourage, and probably does it all with first class accomodations, as one might expect Duke to provide Coach K and his team/staff/family. Duke recruits nationally, and then makes a point of playing at least every other year somewhere near the homes of each of its players.